Artikel
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a better understanding of the factors driving household consumption in Bulgaria and to estimate a consumption function to be used for medium-term forecasting. It is shown that all households behave in a Keynesian way, basing their consumption decisions on current income.
- Sprache
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Englisch
- Erschienen in
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Journal: Zagreb International Review of Economics and Business ; ISSN: 1331-5609 ; Volume: 18 ; Year: 2015 ; Issue: 1 ; Pages: 81-89 ; Zagreb: Faculty of Economics and Business, University of Zagreb
- Klassifikation
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Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Macroeconomics: Consumption; Saving; Wealth
- Thema
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Keynesian consumption function
Permanent Income Hypothesis
Error Correction Model
- Ereignis
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Geistige Schöpfung
- (wer)
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Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
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Faculty of Economics and Business, University of Zagreb
- (wo)
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Zagreb
- (wann)
-
2015
- DOI
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doi:10.1515/zireb-2015-0005
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- Faculty of Economics and Business, University of Zagreb
Entstanden
- 2015
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